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Wages are going to have to go up. House prices aren't going to come down, rent isn't going to come down, used car prices may come down but not to levels in the
by lkxijlewlf 5y ago
Wages are going to have to go up. House prices aren't going to come down, rent isn't going to come down, used car prices may come down but not to levels in the before times and only if new car prices don't skyrocket, food won't come down.
It's getting very expensive to meet the ends. Wages will have to go up. When ppl think things aren't fair, they revolt.
- soheil 5y agoSo.. inflation?
- ashtonkem 5y agoNo. Because housing and healthcare costs have been outpacing inflation for years. It’s only in the past year that inflation has been on the table discussion wise, while the average home doubled in value since 2012.
- lkxijlewlf 5y agoSure, if you can afford to absorb the extra costs, then that is certainly a simple way to think about it. If you can't, it has the potential to be catastrophic. Wages being stagnant for so long, there are more ppl edging towards the latter.
- Sohcahtoa82 5y agoAt the bottom, wages haven't kept up with inflation. They haven't even kept up with the cost of rent. Most of us here on HN are engineers and our salaries have grown much faster than inflation.
- robocat 5y ago> Wages are going to have to go up. House prices aren't going to come down, rent isn't going to come down House prices and rent go up to soak up as much wages as possible. An increase in wages for everyone helps nobody. Bidding on houses is a zero-sum game where we all bid against each other for the amount we can each just afford in interest repayments. Rent has congruent dynamics.